Core Viewpoint - The company, Shan Zi Gao Ke, is expected to turn a profit in 2025, with net profit projected between 85 million and 110 million yuan, a significant improvement from a loss of 173.28 million yuan in the previous year [2] Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders, marking a turnaround from previous losses [2] - The expected net profit excluding non-recurring gains is projected to be a loss between 90 million and 125 million yuan, which is a reduction of 10% to 35% compared to a loss of 139.23 million yuan last year [2] Group 2: Factors Contributing to Performance - The turnaround is attributed to the completion of a restructuring plan, ongoing debt restructuring, and the divestment of non-core loss-making units, which reduced negative impacts on overall profits [2] - The company has increased investment in technology research and development for new vehicle projects, focusing on core business areas, although this segment is still in the investment phase and has not yet achieved profitability [2] - Some business segments reported losses, leading the company to conduct impairment tests on related assets and make corresponding provisions for impairment [2]

Core Viewpoint - The company, Shanzi Gaoke (000981.SZ), forecasts a significant turnaround in its financial performance for the fiscal year 2025, projecting a net profit of 850 million to 1.1 billion yuan, compared to a loss of 1.733 billion yuan in the previous year [1] Financial Performance Summary - The projected net profit for the reporting period is between 850 million yuan and 1.1 billion yuan, indicating a substantial recovery from the previous year's loss [1] - The net profit attributable to shareholders after excluding non-recurring gains and losses is expected to be a loss of 900 million to 1.25 billion yuan, which represents a reduction in losses by 10% to 35% compared to the same period last year [1] - The basic earnings per share are estimated to be between 0.09 yuan and 0.11 yuan [1]

Core Viewpoint - The company, Shanzi Gaoke (000981), has announced a significant turnaround in its financial performance for the year 2025, projecting a net profit of 850 million to 1.1 billion yuan, compared to a loss of 1.733 billion yuan in the previous year [4]. Financial Performance - The projected net profit for 2025 is between 850 million yuan and 1.1 billion yuan, while the non-recurring net profit is expected to be a loss of 900 million to 1.25 billion yuan, compared to a loss of 1.392 billion yuan in the previous year [4]. - Basic earnings per share are estimated to be between 0.09 yuan and 0.11 yuan [4]. - The company's current price-to-earnings (P/E) ratio is approximately 41.53 to 53.75 times, with a price-to-book (P/B) ratio of about 27.14 times and a price-to-sales (P/S) ratio of around 11.18 times based on the closing price on January 29 [4]. Business Strategy and Operations - The company has successfully completed its restructuring plan, which has contributed to the turnaround in financial performance [13]. - Key factors for the improvement include the restructuring of historical debts, divesting non-core loss-making units, and focusing on core business areas, particularly in new vehicle projects [13]. - The company has increased investment in technology research and development and collaboration with strategic partners to advance new model development, although this segment is still in the investment phase and has not yet achieved profitability [13]. Historical Financial Trends - Historical net profit and non-recurring profit data indicate a significant recovery, with the company moving from substantial losses in previous years to a projected profit in 2025 [14]. - The year-on-year growth rates for net profit and non-recurring net profit show a marked improvement, reflecting the effectiveness of the company's strategic initiatives [14].

（记者 曾健辉） 每经头条（nbdtoutiao）——水贝黄金平台"杰我睿"兑付危机调查：40倍杠杆对赌，金价越涨平台越 亏！老板自称"还在深圳"，投资者：兑付方案本金打两折，无法接受 每经AI快讯，山子高科1月29日晚间发布业绩预告，预计2025年归属于上市公司股东的净利润85,000万 元~110,000万元，比上年同期增长149%~163%。业绩变动主要原因是，本报告期内，公司全面完成重整 计划，持续推进历史债务重组与清偿工作，实现了债务重组收益。同时，公司主动剥离非核心业务亏损 业务单元，减少了其对整体利润的负面影响。公司本期非经营性损益主要包括债务重组收益、资产出售 收益等。在优化现有资产结构、解决历史问题的同时，公司聚焦主营业务，在整车新项目上加大技术研 发投入和与战略合作伙伴的合作，推进新车型的研发。该板块处于投入期，整体尚未实现盈利。 ...

南财智讯1月29日电，山子高科发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为 8.50亿元—11.00亿元，同比预增149%—163%；预计2025年全年归属于上市公司股东的扣除非经常性损 益的净利润为亏损9.00亿元—12.50亿元，同比减亏10%—35%。 ...

Financial Performance Expectations - The company expects a net profit of between 850 million and 1.1 billion yuan for the year 2025, marking a turnaround from a loss of 1.732 billion yuan in the previous year[3] - Shareholder net profit is projected to increase by 149% to 163% compared to the previous year[3] - The basic earnings per share are estimated to be between 0.09 yuan and 0.11 yuan, recovering from a loss of 0.17 yuan per share in the prior year[3] Restructuring and Debt Management - The company has completed its restructuring plan and is actively working on historical debt restructuring and repayment, leading to debt restructuring gains[6] - The company has divested non-core loss-making business units to reduce their negative impact on overall profits[6] Investment and Development - Increased investment in technology research and development for new vehicle projects is ongoing, although this segment has not yet achieved profitability[6] Asset Management and Risk Awareness - The company has conducted impairment tests on certain assets and will recognize impairment provisions based on evaluations by hired assessment and audit agencies[6] - The financial data presented is preliminary and will be detailed in the company's 2025 annual report[7] - Investors are advised to be aware of investment risks associated with the company's performance forecasts[7]

Group 1 - The core point of the news is that Shanzi High-Tech Co., Ltd. experienced a stock price increase of 5.17%, reaching 4.88 CNY per share, with a trading volume of 2.894 billion CNY and a turnover rate of 6.49%, resulting in a total market capitalization of 48.788 billion CNY [1] - Shanzi High-Tech is located in Hangzhou, Zhejiang Province, and was established on August 31, 1998, with its listing date on June 22, 2000. The company specializes in the research, production, and sales of continuously variable transmissions and automotive airbag gas generators, as well as real estate development and sales [1] - The revenue composition of Shanzi High-Tech includes: automotive airbag gas generators (51.89%), automotive powertrain (18.69%), property management (14.64%), complete vehicle sales (7.23%), others (4.79%), hotel operations (2.46%), and real estate sales (0.30%) [1] Group 2 - From the perspective of fund holdings, Green Fund has one fund heavily invested in Shanzi High-Tech. The Green Research Optimal Mixed A Fund (011977) held 210,100 shares in the fourth quarter, accounting for 0.99% of the fund's net value, making it the sixth-largest holding [2] - The Green Research Optimal Mixed A Fund (011977) was established on August 19, 2021, with a latest scale of 69.1269 million CNY. Year-to-date returns are 5.27%, ranking 4748 out of 8864 in its category; the one-year return is 54.43%, ranking 1828 out of 8126; and since inception, the return is 32.35% [2] Group 3 - The fund manager of Green Research Optimal Mixed A Fund (011977) is Zheng Zhonghua, who has a cumulative tenure of 6 years and 323 days. The total asset scale of the fund is 1.278 billion CNY, with the best fund return during his tenure being 83.07% and the worst being 22.59% [3]

股票简称：山子高科 股票代码：000981 公告编号：2026-004 山子高科技股份有限公司 关于实际控制人及其一致行动人部分股权解除质押的公告 本公司董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导 性陈述或者重大遗漏。 山子高科技股份有限公司（简称"公司"或"本公司"）于近日收到公司实际控制 人叶骥先生的通知，获悉实际控制人叶骥先生及其一致行动人将其持有本公司的 部分股权办理了解除质押，具体事项如下： | 是否为控股股东或 | 本次解除质 | 占其所持股 | 占公司总股 | 起始日 | 解除日期 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | | 第一大股东及其一 | 押股份数量 | 份比例 | 本比例 | | | | | 致行动人 | （股） | | | | | | | 是 | 10,000,000 | 0.33% | 0.10% | 2025-07-29 | 2026-01-23 | 中财招商 | | | | | | | | 投资集团 | | | | | | | | 商业保理 | | | | | | | | 有限公司 | 一、 ...

山子高科公告，实际控制人叶骥及一致行动人解除质押1000万股，占其所持股份0.33%、占公司总股本 0.10%，质押起始日2025-07-29，解除日期2026-01-23，质权人为中财招商投资集团商业保理有限公司。 截至公告披露日，其累计被质押数量0股，合计占其所持股份比例0.00%、占公司总股本比例0.00%。 ...

Market Overview - The Shanghai Composite Index fell by 0.09% on January 26, with 10 sectors experiencing gains, led by non-ferrous metals and petroleum & petrochemicals, which rose by 4.57% and 3.18% respectively [2] - The sectors with the largest declines were defense & military and automotive, which dropped by 4.47% and 2.31% respectively [2] - Overall, there was a net outflow of 114.32 billion yuan in the main funds across the two markets, with six sectors seeing net inflows [2] Automotive Industry - The automotive sector experienced a decline of 2.31%, with a net outflow of 9.27 billion yuan in main funds [3] - Out of 284 stocks in the automotive sector, 31 stocks rose while 246 stocks fell, with 5 stocks hitting the daily limit down [3] - The stocks with the highest net inflow included Huamao Technology with 87.69 million yuan, followed by Smart Agriculture and Zhaomin Technology with 71.94 million yuan and 53.44 million yuan respectively [3] Fund Flow Analysis - The automotive sector had 76 stocks with net inflows, while 27 stocks had net outflows exceeding 100 million yuan [3] - The stocks with the largest net outflows included Shanzigaoke with 638.27 million yuan, Chaojie Co. with 535.61 million yuan, and Top Group with 497.19 million yuan [5] - The top gainers in terms of fund inflow included Huamao Technology, Smart Agriculture, and Zhaomin Technology, while the top losers included Shanzigaoke, Chaojie Co., and Top Group [5]